Sunday 19 April 2015
 
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Qatar Islamic Bank Q1 net profit rises 19 pc

Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, reported a 19 per cent jump in first-quarter net profit, broadly in line with analysts' forecasts. The bank was one of three Islamic lenders i

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Telecom Egypt 2014 net profit drops 31.4pc

Fixed-line monopoly Telecom Egypt on Tuesday reported a 31.4 per cent slump in profits for 2014, citing several one-off and operational costs related to license fee payments and tax liabilities. It said net profit for the year fel

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Air Arabia declares 9pc dividend for 2014

UAE-based Air Arabia, the largest low-cost carrier operating in the Mena region, announced that a nine per cent cash dividend for the year 2014 has been approved at its Annual General Meeting (AGM) today (March 10) in Sharjah. Dur

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Flydubai posts 12.3pc increase in net profit

Flydubai, a Dubai-based low cost carrier, has reported a 12.3 per cent increase in net profit for 2014, compared to 2013. The budget carrier posted net profit earnings of Dh250 million ($68 million) with total revenue growing by 19.1 pe

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Etisalat hails landmark year as profits hit $2.4bn

UAE-based Etisalat, a leading telecom group, has reported Dh8.9 billion ($2.4 billion) in profit for 2014 driven by strong performance of domestic operations, marking a 26 per cent rise over the previous year. Full year consolidat

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Flynas aims for profit on lower costs, higher demand

Saudi Arabia's first and only budget airline, flynas, aims to turn profitable this year for the first time since it was launched in 2007, partly by cutting costs, its new chief executive said. The kingdom's air travel mark

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MasterCard Q4 profit jumps 12pc to $858bn

MasterCard , the world's No. 2 debit and credit card company, said worldwide purchase volume increased 12.1 per cent to $858 billion in local currency terms during the fourth quarter of 2014, marking a better-than-expected profit for the hol

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Oman Air aims to become profitable by 2017

Oman Air hopes to achieve profitablity by 2017 under an ambitious plan which focuses on fleet and network expansion and cost reduction. Oman Air chief executive officer Paul Gregorowitsch set out ambitious proposals for growth at a rece

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Ithmaar Bank reports $4.84m net profit

Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a total net profit of $4.84 million for the first nine months of the year, compared to a net loss of $11.97 million in the same period last year. Net profit for the third q

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Bahrain Duty Free posts $15.2m net profit

Bahrain Duty Free has reported a net profit of $15.2 million in the first nine months of the year, up 12.3 per cent compared to last year. The company’s net income rose to $5.9 million in the third quarter, which is a 44.7 per cen

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